photo by jamesrdoe
Quote for the day:
It's a poor sort of memory that only works backwards.
Lewis Carroll, Alice Through the Looking Glass
Quote for the day:
It's a poor sort of memory that only works backwards.
Lewis Carroll, Alice Through the Looking Glass
In the news:
Ambac Financial Group, the world's second largest bond insurer, reported a first-quarter net loss of $1.66 billion, or $11.69 a share. The company's operating loss of $6.93 a share was more than three times expectations. Ambac kept its AAA rating by raising $1.5 billion in a March stock sale which nearly tripled Ambac's outstanding common shares to 285 million. The company this week said it's seeking to increase authorized shares to 650 million from 350 million.
Boeing's first-quarter profit increased 38% and has delivered more planes and built up a record order backlog; EMC and Broadcom both beat estimates.
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